ForumPay Expands Payment Options with New Card and Bank Transfer Acceptance Solution
ForumPay has introduced a new payment flow that allows merchants to accept card and bank transfers without registering as a card acceptance business. This innovative solution enables customers to initiate purchases using Visa, Mastercard, or bank transfers in selected markets, with funds automatically routed through ForumPay's infrastructure.
The new payment flow is designed to solve the issues of operational complexity and additional costs associated with accepting cards and bank transfers. Merchants can now offer card and bank payments without taking on chargeback liability and PCI-DSS compliance costs, while still receiving precisely the amount invoiced.
ForumPay's existing crypto payment infrastructure will process transactions, providing merchants with instant conversion and next-day settlement. The company claims that its new solution represents one of the most ambitious developments in bridging the gap between traditional payment rails and crypto infrastructure.